I bought $200 worth of bitcoin last Friday for a story I was writing on “how to give the gift of bitcoin” during the holiday season. I held on for my stash for a weekend to see what owning bitcoin was like. Here’s what I learned. You should probably know this if you’re buying bitcoin, […]
Read moreEveryone’s got their theories of what exactly bitcoin is in today’s economy — currency, value store or fraud — and NYU professor Scott Galloway is throwing a new one in the mix: A millennial “mistrust index.” “It’s basically young people saying they have no faith in our institutions,” Galloway told CNBC’s “Squawk Alley” Tuesday. “As […]
Read moreFacebook on Tuesday rejected claims by former executive Chamath Palihapitiya that the social media site is “ripping apart the social fabric of how society works.” Palihapitiya has repeatedly criticized social media in general, saying it preys on human vulnerabilities and that he doesn’t allow his children to use it. But the Social Capital founder turned […]
Read moreStrategist Tom Lee: Young people will drive bitcoin gains just as boomers boosted stocks in the '80s
Wall Street strategist Tom Lee sees significant gains ahead for bitcoin because young investors are interested in it. “I think what viewers have to appreciate is, this is a millennial story,” Fundstrat’s Lee said Tuesday on CNBC’s “Squawk Box.” “The average millennial is 25 today. The boomers were 25 in 1982, so what did the […]
Read moreStarting a company out of your garage sounds exciting — invoking visions of Silicon Valley greats Hewlett Packard and Apple, and Jeff Bezos starting Amazon in his Seattle garage circa 1994. That is, until you actually start a company in your garage. So says Chieh Huang. He knows this from experience. He launched Boxed from […]
Read moreActivision Blizzard’s upcoming franchise title launches will be big blockbuster sellers, according to one top Wall Street firm. Goldman Sachs raised its rating for Activision Blizzard shares to buy from neutral, predicting the company will report profits above expectations in 2019 and 2020. “We believe the recent sell-off in Video Game stocks has largely been […]
Read moreApple has an ever-growing pile of cash on its hands, and Social Capital founder Chamath Palihapitiya doesn’t seem impressed with how the company is spending it. “They’ve spent more on their building quite honestly than they have on any sort of major feature or product launch,” Palihapitiya told CNBC’s “Squawk Box” Tuesday. The often outspoken […]
Read moreVerizon will leave its earnings “plateau” behind in 2018 thanks to an over-the-top platform launch by year’s end, according to Nomura. “After three years of stable to declining earnings per share – Verizon’s self-described ‘plateau’ – we think the company is finally poised to resume earnings per share growth,” wrote Kvaal on Monday. “Verizon has […]
Read moreApple said Tuesday that the new iMac will be available on December 14. The news was confirmed in an e-mail from Apple that was sent to customers. Earlier, the company’s senior vice president of worldwide marketing Phil Schiller said in an interview that the company’s iMac Pro would launch in the next couple of days. […]
Read moreMark Zuckerberg had a bountiful 2017 — even though the year ended with the company he leads facing a barrage of criticism over its growing impact on politics and society. Facebook’s surging stock price — up more than 50 percent this year — drove Zuckerberg’s wealth to $56 billion, making him one of the world’s […]
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